The customs policy of Donald Trump has been sending the stock markets on a descent for a week and the courses also fell en masse on Monday. The American president himself reacted calmly. “I don’t want something to go down. But sometimes you have to take medication to cure something,” he said after his return of a golf weekend in Florida.
A possible cancellation of the special rates wants to pay for Trump Duration. Foreign governments should pay “a lot of money” to prevent taxes, he said on Sunday evening (local time) on board the Air Force One for reporters.
“You want to talk”
The president reported that he spoke with leading politicians from Europe and Asia during the weekend: “They come to the table. They want to talk, but there are no conversations if they don’t pay a lot of money every year.”
According to the US Finance Minister Scott Bessent, more than 50 countries have taken over negotiations with the United States last Wednesday. Trump “got a maximum pressure pressure,” Bessent said in the NBC station. The American Handelsminister Howard Lutnick said in the broadcaster CBS that the rates would remain “days and weeks”. The Economic Adviser to the White House, Kevin Hassett, tried to expel speculation that the rates are part of a strategy to put pressure on the American Federal Reserve, so that it sinks the interest rates. There is no “political pressure” on the Fed, Hasset said.
Serious allegations against Europe
Trump again complained bitterly about trade with European countries, which also had a huge surplus towards the United States. They had “treated very, very badly” and therefore earned a fortune, the Republican claimed. “The European Union was established for a single reason: (…) to drop off the United States.”
With a view to China, the American president said there was a huge trade deficit towards the People’s Republic. “Hundreds of billions of dollars are lost with China every year. And if we don’t solve this problem, I will not close a deal.” Trump emphasized: “I am ready to negotiate with China, but you must reduce your surplus.”
Trump’s rates change the world economy
A few days ago, the US President had presented a huge customs package that the structure of the global economy should change considerably. In the first step, new flat -rate rates of ten percent came into force on imports from almost all countries in the US.
On Wednesday, a complex mechanism will follow in the next step, which offers even higher rates for countries with which the United States has a particularly large trade deficit. With his customs policy, Trump wants to strengthen the USA production site, but also lead to other countries reducing its own trade barriers for input from the US.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
